A Thousand Barrels a Second: The Coming Oil Break Point and the Challenges Facing an Energy Dependent World

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A Thousand Barrels a Second: The Coming Oil Break Point and the Challenges Facing an Energy Dependent World
by Peter Tertzakian
from McGraw-Hill

Customer Reviews:

• Avg. Customer Rating: 4.0 / 5.0

• Slow start, much better second half
  The name of this book is a reference to the fact that human civilization currently consumes over 86 million barrels of oil a day (a barrel is 42 US gallons or 159 liters). The book gets off to a very slow start with a discussion of the now mostly forgotten eighteenth and nineteenth century whaling industry where individuals went to the ends of the earth to hunt whales to near extinction to obtain highly desirable whale oil and spermaceti used as illuminants. Eventually the discovery of rock oil and the... more info

• a good, basic introduction to the economics of energy
  This book gives a good introduction to the economics of energy, with an emphasis on what is going to happen when we run out of oil. It charts a middle course between doom-and-gloom pessimism, and blind optimism that innovation and market forces will automatically fix everything. The author uses his experience investing in the energy industry to give what seems to be a fairly realistic picture of what is likely to happen in the short term. The obvious fact is that as demand for oil begans to outstrip supply... more info

• Excellent Read
  The author did an excellent job explaining the history of energy cycles and their general behavior. He explained in a simple way how the cycles worked and the time it takes to shift from one source to another source. Peter pinpointed what is behind the surge in oil prices and why it is different than the surges of 73 and 79. I really enjoyed his analysis of different countries' oil dependencies and their relations to GDP. The author discussed all the alternatives available on the table and showed which ones... more info

• Oil Break Point
  I enjoyed this book. Mr Tertzakian knows something about oil. I don't share his optimist views of the future. Heavy sour and Tar Sands will not save the world, yet, overall Mr. Tertzakian is a smart man and I enjoyed reading his book. Regards, Keith Renick, Project Materials Specialist, Project Management Team, Riyadh Refinery, Saudi Aramco Oil Company, Retired

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